Last year EBITDA of “Achema” reached 3.7 million euros

Last year, the sales revenue of company “Achema” located in Jonava, which is the largest producer of nitrogen fertilizers and other chemical products in the Baltic States, increased by 3 percent and amounted to 436.7 million euros (in 2023 it was 423.6 million euros).

Last year, the company incurred net loss of 12.8 million euros, whereas in 2023 net loss amounted to 47 million euros.

In 2024, EBITDA of the company amounted to 3.7 million euros, while in 2023 the result was negative (-38.1 million euros).

According to the CEO of “Achema” Audronė Kuskytė, the European fertilizer industry has faced significant economic challenges during the recent years. In 2024, “Achema”, like most European fertilizer producers, was operating at partial capacity.

“The biggest impact on our results was the import of fertilizers to Europe from third countries, especially Russia, where the product is made from cheap raw materials and environmental taxes are not paid, therefore, European producers faced a problem of competitive nature,” elaborated A. Kuskytė.

The company purchases all the necessary natural gas from suppliers in Norway, the USA, Great Britain, Poland and Germany. Natural gas is the main raw material in the production of nitrogen fertilizers, the share of gas price in the cost price of fertilizers is approximately 70 percent.

In 2024, “Achema” maintained a wide range of geographical markets, exporting the products to 38 countries, with France, Great Britain, Germany, Poland and Scandinavian countries remaining the main export destinations. Exports to distant markets, including Australia, Canada and South American countries – Argentina, Uruguay, Peru, Suriname and the Dominican Republic – increased significantly.

Even during this complicated period, the company continued to consistently invest in production renewal, energy resource and environmental impact reduction projects, also modernisation of the energy system. In 2024, the total amount of investments reached 12.5 million euros.

Last year, the company paid 41 million euros into the state budget (51.6 million euros in 2023), 7.9 million euros of which were payments to “Sodra” (State Social Insurance Fund Board). In 2024, the maintenance of LNG terminal cost “Achema” 4.9 million euros (1.8 million euros in 2023).